Europe’s Big Deal
Danish pension fund PFA has acquired the multiproperty Century portfolio for a gross investment volume of more than 1 billion euros from Frankfurt-based Industria Wohnen. PFA’s partner and asset manager is Munich-based Domicil Real Estate Group. The portfolio
includes one commercial building and 33 residential properties with a total of more than 3,700 residential units, spread over 15 locations in Germany. About two-thirds of the apartments are in metropolitan areas such as Berlin, Munich, Hamburg, the Rhineland, and the Rhine-Neckar region.
First Coffee, Then Shopping
The coffee and restaurant category led global retail expansion in 2017.
Source: CBRE: How Global Is the Business of Retail?
Going Green at Work
Canadian and Australian cities are out in front when it comes to percentage of green office buildings.
Source: CBRE, International Green Building Adoption Index
Global Markets to Watch
The 2020 Tokyo Olympics spurred construction of real estate projects and infrastructure improvements in Japan’s capital city. Tokyo real estate guide REthink Tokyo points to five areas of the city that are undergoing extensive redevelopment projects — Toranomon-Azabudai; around Tokyo Station;
Shibuya; Shinjuku; and the new Yamanote Line station.